Eka’s New PositionCenter Gives Command & Control To Traders

ekaSoftware Solutions, the fast growing global provider of end-to-end commodity management software, released its new Position Center solution for the world’s commodity companies. Eka counts many of the world’s largest producers and traders of agricultural and base metal commodities as clients and in the highly complex world of physical commodity trading they rely on Eka for the latest trading and risk technology.

The release of Eka Position Center marks a new addition to the Eka product platform. It enables a unique, visually rich, highly interactive and collaborative approach to position management and decision-making. The product is based on an in-depth understanding and knowledge of the challenges of managing physical and financial positions. Using well-structured analytical and graphical interfaces, it enables decision-makers to easily understand the WHAT-HOW-WHY: what is the current position and P&L across physicals and financials, how this position came about, and why we’re holding this position. It not only guides users through a defined process for arriving at answers to difficult questions, but also gives flexibility to change their analysis methodology based on business requirements and enable collaboration with other users. itvoice

Manav Garg, founder and CEO of Eka said, “As commodity markets continue to take centre stage in world economics, producers and traders have become increasingly dependent on technology to make the right decisions for an efficient business. Traditional spread sheets and first generation legacy systems are no longer able to provide the necessary timeliness and trading support. We are seeing many commodity companies looking to replace their incumbent systems. Our clients are representative of high-demand users and always drive us to provide the most advanced trading and risk solutions. I’m confident the release of our new PostionCenter provides a major step forward in monitoring and management for tier-one participants in commodity markets.

The new Eka.PositionCenter will enable users to interact and collaborate via a common set of dashboards across the whole trading institution. The scope of functionality in the new product moves commodity management solutions to a new level.